Beacon Investment Advisory Services Inc. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Beacon Investment Advisory Services Inc. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 218,366 shares of the apparel and home fashions retailer’s stock after buying an additional 1,342 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in TJX Companies were worth $26,381,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TJX. Raleigh Capital Management Inc. lifted its position in TJX Companies by 88.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 3,712 shares of the apparel and home fashions retailer’s stock worth $448,000 after acquiring an additional 1,745 shares during the period. True North Advisors LLC grew its position in TJX Companies by 79.4% in the 4th quarter. True North Advisors LLC now owns 4,074 shares of the apparel and home fashions retailer’s stock valued at $492,000 after buying an additional 1,803 shares during the last quarter. Baker Ellis Asset Management LLC increased its stake in TJX Companies by 39.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 3,795 shares of the apparel and home fashions retailer’s stock valued at $458,000 after buying an additional 1,080 shares during the period. Phillips Wealth Planners LLC raised its position in TJX Companies by 34.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 5,842 shares of the apparel and home fashions retailer’s stock worth $701,000 after buying an additional 1,507 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its stake in shares of TJX Companies by 21.5% in the 4th quarter. Dupont Capital Management Corp now owns 122,048 shares of the apparel and home fashions retailer’s stock worth $14,745,000 after acquiring an additional 21,609 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Performance

TJX Companies stock opened at $122.56 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $137.77 billion, a P/E ratio of 28.84, a PEG ratio of 3.02 and a beta of 0.91. The stock has a fifty day moving average price of $122.73 and a 200 day moving average price of $117.75. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.